SunSirs: Ammonium Sulfate Market Prices Stopped Declining and Rose (July 13-20)

Price trends

According to the commodity market analysis system of SunSirs, the domestic average market price of caprolactam-grade ammonium sulfate was 1,156 RMB/ton on July 20, representing a 2.06% increase from the average price of 1,133 RMB/ton recorded on July 13.

Market analysis

Supply and Demand Situation

Last week, domestic ammonium sulfate prices halted their decline and rose. Operating rates saw slight adjustments, while market supply remained stable. Strengthening international urea prices and robust global demand for ammonium sulfate provided a boost to the domestic market. Currently, downstream procurement is driven by essential needs, with most buyers maintaining a cautious stance.

Market Conditions

As of July 20, the prevailing ex-factory prices for coking-grade ammonium sulfate in the Shandong region were around 1,000-1,030 RMB/ton. For caprolactam-grade ammonium sulfate, the prevailing ex-factory prices in the Shandong region were around 1,100-1,150 RMB/ton.

Market Outlook

Analysts at SunSirs observe that the ammonium sulfate market has recently been trending upward. Prices have risen continuously, and trading activity has picked up. Market prices are expected to remain strong in the short term.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.